618 Renker Rd - Apartments FOR SALE


Lansing, MI 48917- Delta Township
$1,250,000 USD
517-321-2800
618 Renker Rd, Lansing, MI for Sale
$1,250,000 USD
Apartments - FOR SALE
1/11
null | 8.57% Cap Rate

618 Renker Rd
Lansing, MI 48917
Delta Township


HIGHLIGHTS

  • 1 single family home & 2 residential buildings
  • Strong income potential
  • High demand rental market

OVERVIEW

For Sale: Tenney Apartments, an 18-unit complex and single-family home at 618 and 628 Renker, Lansing, MI 48917, in the thriving Delta Township. Featuring two residential buildings (10 and 8 units) ,12 garage rental units, and a 3 bedroom single family home with garage this property offers strong income potential. Modern upgrades include roofs and parking surfaces redone in 2014. Tenants enjoy an onsite coin laundry, with units separately metered—owner pays only water/sewer, common electric, and trash. Located in a fast-growing West Lansing hub, near major insurance and automotive employers, this is an ideal investment opportunity in a high-demand rental market.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

18

PRICE/UNIT

$69,444

CAP RATE

8.57%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Charles R. Tenney Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1967

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

NONE

APN/PARCEL ID

040-065-800-130-00

ASK ABOUT THIS PROPERTY

Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

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Matthew WisniewskiRE/MAX Commercial GroupMore Info
517-321-2800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.